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Mr. & Mrs have rented a space in a shopping mall. They will open a business there. The accountant had advised them to set-up a

Mr. & Mrs have rented a space in a shopping mall. They will open a business there. The accountant had advised them to set-up a double-entry set of accounting records for their business transactions. Actions to take: 1. Identify the Balance Sheet Accounts they will need to record the transactions prior to open the business. 2. Indicate the Normal Balance of each Balance Sheet Account

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